Revealed: Adelaide’s best coastal suburbs for property buyers
It’s no secret Adelaide’s coastal suburbs are seeing a steady rise in property prices, with a number of waterfront suburbs edging closer to the million dollar median house price mark.
But not all is hopeless for buyers, with a biannual report by People’s Choice Credit Union, highlighting there are still several spots where affordability and liveability collide.
According to the October release, Hove took out top spot, with a liveability ranking of five, out of 329 suburbs. That’s despite its relatively high median house price of $638,000.
People’s Choice Chief Executive Officer Steve Laidlaw said the report looked beyond affordability to what makes a house a home.
“Hove has extremely strong liveability characteristics that take it to the top of our October rankings,” he said.
“It is close to the city, has reasonable public transport access, a low crime rate and a very positive and stable economic outlook.”
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The central suburbs also carried a badge of honour, with seven of the top 20 coastal suburbs including Seacliff, Seaton, Henley Beach and North Brighton.
But it was Adelaide’s northern coastline which dominated the October rankings, with suburbs like Largs North, North Haven and Birkenhead sitting close to the top of the list of the edition.
“The northern coast of Adelaide generally has lower median house prices, which boosts their affordability,” Mr Laidlaw said.
“But they also have similar liveability advantages: relatively close to the city, established public transport links, relatively low unemployment and stable communities.
Affordable and liveable suburbs on the southern coastline, meanwhile, included Hallett Cove and Marino, both of which ranked in the top 10.
Andrew Farnden of Ray White Glenelg/ Plympton, who has listed 5/19 Caroona Ave, Hove for $369,000 to $399,000, said he was not surprised to see the suburb at the top of the list.
“In my opinion, it’s a real sleeper suburb and very tightly held. There are more people wanting to move into Hove then wanting to move out.
“It’s located in the Brighton High School zone, which makes it very appealing to families and investors.
“You also have the tram right there and access to transport and major arterial roads.”
Adelaide’s top 10 most liveable and affordable coastal suburbs
Liveability ranking: 5
Median house price: $638,000
Distance from CBD: 11.62km
2. Hallett Cove
Liveability ranking: 43
Median house price: $455,000
Distance from CBD: 18.38km
3. North Haven
Liveability ranking: 55
Median house price: $460,000
Distance from CBD: 18.10km
4. Largs North
Liveability ranking: 87
Median house price: $434,500
Distance from CBD: 15.26km
Liveability ranking: 108
Median house price: $400,000
Distance from CBD: 13.7km
Liveability ranking: 21
Median house price: $742,500
Distance from CBD: 9.73km
Liveability ranking: 31
Median house price: $681,000
Distance from CBD: 7.8km
8. West Lakes Shore
Liveability ranking: 62
Median house price: $610,000
Distance from CBD: 12.46km
Liveability ranking: 41
Median house price: $735,000
Distance from CBD: 15.44km
Liveability ranking: 49
Median house price: 682,000
Distance from CBD: 13.64km